EU Commission launches in-depth investigation into JD.com's acquisition of CECONOMY (ec.europa.eu)

• Commission probes JD.com-CECONOMY deal under Foreign Subsidies Regulation.
• Concerns over potential market-distorting foreign subsidies.
• In-depth investigation to determine impact on EU competition.

"The European Commission has opened an in-depth investigation into the proposed acquisition of CECONOMY AG (owner of MediaMarktSaturn) by Chinese e-commerce giant JD.com, under the Foreign Subsidies Regulation. The Commission has preliminary concerns that JD.com may have received foreign subsidies distorting the EU internal market. The probe will assess whether the deal would harm competition."